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Mortgages for those aged 59

stargazer777
stargazer777 Posts: 1 Newbie
in Mortgages & endowments
Is it possible to obtain a mortgage when you are 59, working and with 60%+ deposit. My main question is what would be the maximum term I could potentially acheive? :j

Comments

  • happybroker
    happybroker Posts: 1,301 Forumite
    It depends on how you intend to fund the mortgage after your normal retirement age. If you have suffucient income from pension arrangements then you could potentially have quite a long term. Coventry BS, for instance, will allow you to go to 85 years of age.
    Happily an ex mortgage broker!
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